This chapter focuses on the cautious consumer behavior and the slowdown in spending in the retail sector. Consumers are becoming more hesitant and are not making impulse purchases or buying discretionary items. Instead, they are browsing more and making purposeful purchases. The discussion also touches on the increase in prices at grocery stores and the need for consumers to pause and reevaluate their necessities.
Anjee Solanki, National Director of U.S. Retail at Colliers, shares her thoughts on US retail sales that showed signs of slowing in August as consumers limited their discretionary spending amid higher gasoline prices. Bloomberg News Entertainment Reporter Chris Palmeri and Bloomberg Wall Street Week Host David Westin break the news that Disney is considering selling ABC to Nexstar. Jim Chanos, Founder and President of Chanos & Company, discusses his investment outlook and thoughts on China. Paula Vissing, President of Global Retail at Little Caesars, talks about the business of being the official pizza sponsor of the NFL. And we Drive to the Close with George Schultze, Founder and CEO of Schultze Asset Management.
Hosts: Tim Stenovec and Simone Foxman. Producer: Paul Brennan.
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